WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2011 FINANCIAL TIMES MANAGERS STRUGGLE TO WOO THE WEALTHY Private banks across the world are still struggling to attract new clients, as the wealthy continue to shun professional investment managers in the wake of the financial crisis, according to a report published today. New money paid into private banks by clients fell nearly 19 per cent [...]
Northern Rock bad bank repays £1bn… March 31, 2011 THE taxpayer has been repaid £1.1bn by the Northern Rock “bad bank”, which swung into profit last year. UK Asset Resolution (UKAR), the entity that now owns what were considered the more toxic assets of Northern Rock and Bradford & Bingley, reported combined full-year profits of £477.5m yesterday, versus losses of £480m last year. In [...]
Commodity shares lift FTSE on sunny US and China stats July 7, 2011 COMMODITY stocks led the FTSE 100 sharply higher yesterday, as US jobs data boosted confidence that the world’s biggest economy was showing signs of picking up heading into second-half. Integrated oils rose along with crude oil as reports showed US private employers stepped up hiring in June and the number of Americans filing for jobless [...]
Commodity shares lift FTSE on sunny US and China stats July 7, 2011 COMMODITY stocks led the FTSE 100 sharply higher yesterday, as US jobs data boosted confidence that the world’s biggest economy was showing signs of picking up heading into second-half. Integrated oils rose along with crude oil as reports showed US private employers stepped up hiring in June and the number of Americans filing for jobless [...]
Springtime shops in Paris with an expert guide – chic! May 15, 2011 SHOPPING in a city with a guide book is all very well but there’s nothing quite like being shown around by an expert, which is why The Beauchamps Hotel’s new weekend tour package is so exciting. From spring, the chic Parisian boutique hotel is offering weekend guided trips with Stuart Paterson an antique dealer and [...]
M&B boosts its profits but holds dividend November 23, 2010 PUB and restaurant group Mitchells & Butlers boosted full-year pre-tax profits by 26 per cent to £169m, but a £300m property write-off pushed it to a pre-tax loss, it reported yesterday. The owner of bar brands such as All Bar One, O’Neill’s, and Harvester saw 1.1 per cent revenue growth to £1.98bn over the year, [...]
Keeping your cool at work: making life less stressful June 8, 2011 THERE were a whopping 9.8m working days lost to stress last year, according to research by the Health and Safety Executive. That’s 435,000 people who reported a case of work-related stress. That is dreadful news for everyone from the individual sufferers to the economy at large. But it’s not all bad: Neil Shah, the director [...]
JPMorgan profit beats forecasts July 14, 2011 JPMorgan Chase & Co posted a higher-than-expected jump in second-quarter profit as it wrote off fewer bad mortgages and credit card loans. The bank managed to make more loans during the quarter than in the first quarter and added staff, signs that bright spots are emerging in a sector long plagued by credit losses and [...]
Banks hit by Greece loan delay June 20, 2011 Banking stocks took a pummeling in early trading today as Eurozone ministers stalled on loan payments to Greece creating more uncertainty surrounding the beleaguered country. Ministers said Greece would need to introduce harsh austerity measures before it received the 12bn euros (£10.6bn) in loans. The FTSE 100 was dented by the news and European markets [...]
Commodities boost FTSE rise as China data elevates miners July 13, 2011 BRITAIN’S FTSE 100 bounced yesterday, led by commodity stocks as economic data from China and soothing words from the US Federal Reserve raised hopes that stagnation in the global economic recovery might prove short-lived. Having fallen near five per cent over the previous three days, the mining sector rallied 1.8 per cent after China’s GDP [...]